Thai Airlines to Seek $491 Million Government Bailout, Post Says
by Bloomberg Mar 28, 2020
Seven airlines in Thailand are set to start talks with the Finance Ministry for a 16 billion baht ($491 million) bailout, the Bangkok Post reported.
The airlines have jointly agreed to seek help, the newspaper said, citing Tassapon Bijleveld, executive chairman of Asia Aviation Pcl, the largest shareholder of Thai AirAsia.
The seven carriers are Thai AirAsia, Thai Lion Air, Nok Air, Bangkok Airways, Thai Smile, Thai VietjetAir and Thai AirAsia X. As in other countries, airlines in Thailand have made drastic cuts to services to survive the impact of the novel coronavirus outbreak.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
Aloha Air Cargo to cancel Honolulu - LA - Honolulu freighter June 1
View Article
WestJet issues lockout notice to aircraft maintenance staff
View ArticleAbu Dhabi hub carrier Etihad adds banks to $1 billion IPO
Abu Dhabi hub carrier Etihad Airways PJSC has added banks to its planned initial public offering that could raise as much as $1 billion, according to people familiar with the…
View ArticleGerry’s Group, Arif Habib among bidders for Pakistan Airline
Tycoon Arif Habib and Gerry’s Group are among the initial ten bidders seeking to purchase a majority stake in state-owned Pakistan International Airlines.
View Article
WorldACD Weekly Air Cargo Trends (week 17) - 2024
View ArticleAIBOT secures first distribution of $15 million CalCompetes Grant, demonstrating significant progress and commitment to California
• AIBOT receives its first distribution from its CalCompetes Grant award • Significant achievements set stage for product reveal event later this Spring
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
